Clearing margin definition

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Clearing margin

Clearing margin logo #20180Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers' open futures and options contracts. Clearing margins are distinct from customer margins that individual buyers and sellers of futures and options contracts are required to deposit with brokers.
Found on http://www.exchange-handbook.co.uk/index.cfm?section=glossary&first_letter=
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